Sale of the Week—Renter Buys His Mag Mile Penthouse
List Price: $3.6 million
Sale Price: $3.6 million
The Property: A large 54th-floor penthouse in the 55 East Erie tower changed owners last week, but no movers were involved. Sanjay Khosla, an executive vice president of Kraft Foods and president of the company’s Kraft International unit, had been renting the 4,500-square-foot, three-bedroom condo from Michael Giambrone; on April 23rd, Khosla bought…
List Price: $3.6 million


List Price: $350,000
In January 2003, a modest three-bedroom red brick bungalow in Jefferson Park sold for $269,000. Last Thursday, at a foreclosure auction in a suburban hotel ballroom, that same Northwest Side bungalow sold for $209,625 (which included an auction fee of $14,625). Although he declined to provide his name, the buyer was positively jubilant. “I know it’s worth…
